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Title: Eye-Watering Rail Fares Set To Rocket Again Next Year Post by: grahame on July 29, 2017, 14:50:36 From the Morning Star (http://www.morningstaronline.co.uk/a-1939-Eye-watering-rail-fares-set-to-rocket-again-next-year)
Quote Eye-Watering Rail Fares Set To Rocket Again Next Year FRESH calls to renationalise Britain’s railways were made yesterday as a new study revealed fares are set to “rocket” next year. Rail union RMT published a prediction of next year’s train fares, which will rise in line with August’s Retail Prices Index inflation forecasted at between 3 and 4 per cent. The union calculated how much ticket prices on key routes would rise with a 3.5 per cent increase. It found that already extortionate fares on London to Brighton routes would ramp up by £134 to almost £4,000. RMT pointed out that the soaring fares in Britain are subsidising those on state-run railways in France, Italy and The Netherlands. The union accused European owners of Britain’s rail services of “robbing” passengers to keep prices down at home. More than 60 per cent of privateer rail operators in Britain are subsidiaries of state-owned rail companies abroad. RMT general secretary Mick Cash said: “As inflation is running high, it will be yet more grim news for workers struggling to make ends meet. “To add insult to injury, passengers travelling on lines in the UK operated by Italian, German and Dutch state railways, could be paying around two-and-a-half times more than their counterparts on comparable journeys on the continent run by the same operator.” He said it was a “national scandal” that the government lets foreign state-owned firms operate Britain’s railways — while forbidding British public ownership. Rail Delivery Group chief executive Paul Plummer, representing private operators, said: “The RMT isn’t comparing like with like, our trains are often more frequent and with better journey times than in other countries.” Title: Re: Eye-Watering Rail Fares Set To Rocket Again Next Year Post by: grahame on July 29, 2017, 14:55:36 And Chronicle Live (http://www.chroniclelive.co.uk/news/north-east-news/rail-fares-rocket-train-companies-13402818) adds
Quote Rail fares to rocket as train companies 'rob' passengers to fund overseas services, union claims European rail owners of UK companies are accused of robbing passengers as they keep prices down in their country The inflation figure that's due out on 15th August forms the basis for next January's rises. This always make for two news story opportunities at quiet times of year - during the summer holidays and again in the new year. Looks like the story's been started early this time to allow us to be fed it three times! Title: Re: Eye-Watering Rail Fares Set To Rocket Again Next Year Post by: ChrisB on July 29, 2017, 14:58:51 a) the increase goes to the Government in franchise payment uplift, not into TOC owners wallets (yes, thewir profits go up by RPI too, but investors won't see that as a rise in profits)
b) it's the July RPI, not August's. c) If the RMT believe that fares rises won't be the same under a nationalised railway, their even more stupid than I thought they were. Title: Re: Eye-Watering Rail Fares Set To Rocket Again Next Year Post by: stuving on July 29, 2017, 15:05:20 b) it's the July RPI, not August's. It is the July index figure that comes out in August. Title: Re: Eye-Watering Rail Fares Set To Rocket Again Next Year Post by: ChrisB on July 29, 2017, 15:49:47 Yep, so NOT this
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